Berenberg Bank analyst Michael Filatov maintained a Buy rating on Ferrari yesterday and set a price target of $570.00. The company’s shares closed yesterday at $389.56.
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According to TipRanks, Filatov is ranked #9867 out of 10041 analysts.
In addition to Berenberg Bank, Ferrari also received a Buy from Barclays’s Henning Cosman in a report issued on October 14. However, on October 13, Citi maintained a Sell rating on Ferrari (NYSE: RACE).
RACE market cap is currently $90.65B and has a P/E ratio of 39.04.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RACE in relation to earlier this year.
Read More on RACE:
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- Ferrari Completes Eighth Tranche of Share Buyback Program
- Ferrari price target lowered to EUR 340 from EUR 380 at Citi
- Ferrari price target lowered to EUR 460 from EUR 475 at RBC Capital
- Ferrari price target lowered to EUR 450 from EUR 496 at BofA
- Ferrari price target lowered to $475 from $554 at Bernstein
